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Japanese Candlesticks Analysis 16.06.2015 (EUR/USD, USD/JPY)

Analysis for June 16th, 2015

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows a bullish tendency, which continued after Harami pattern. Three Line Break chart indicates a bearish movement; Heiken Ashi candlesticks confirm an ascending movement.



The H1 chart of EUR USD shows the uptrend. The upper Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.




USD JPY, “US Dollar vs. Japanese Yen”

As we can see at the H4 chart of USD JPY, the price has finished the correction within the uptrend with Tower and Inverted Hammer patterns. Three Line Break chart indicates a bearish movement; Heiken Ashi candlesticks confirm a bullish pullback.



 
RoboForex Analytical Department

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